Looking for a specific product?

Make a search for products & suppliers, articles & news.

Petroleum Price Board and the norm prices

The Norwegian Ministry of Petroleum and Energy collets information about sale of crude, natural gas liquids (NGLs) and natural gas from the Norwegian shelf.

Norm Prices 2012:

Norm Prices 2011:

  • 4. quarter (.xlxs)
  • 3. quarter (pdf)
  • 2. quarter (.xlsx)

  • Reporting of crude, natural gas and NGL sales
    From 1 July 2011 the companies that submit reports to the Ministry shall report their sales through the License2Share. To get access to License2Share, contact License2Share Service Desk: Phone: +47 51222622, Email:

    Report of crude and NGLs sales shall be done through specific excel template files. These can be found at License2Share.

    The Secretariat of the Petroleum Price Board has made a guide for the reporting of crude oil and natural gas liquids: A guideline for electronic reporting of sale of crudes and NGLs.

    Petroleum Price Board – in brief
    To calculate the taxable income for oil companies i Norway, the Petroleum Price Council (PPB) sets tax reference prices, also known as norm prices. The main principle for setting norm prices is that the norm price should reflect the price that could have been achieved between independant parties. Specific regulations govern the procedures for setting norm prices.

    PPR meets every quarter to set norm prices for the previous  quarter. Generally, each crude gets a specfic norm price. PPB  collects information from a variety of sources, including companies operating on the Norwegian shelf. PPB also has meetings with the companies before the final norm price is set. Companies may also appeal PPBs decision to the Ministry of Petroleum and Energy.

    In cases where the PPB does not set norm prices, the actual achieved sale price will be the tax reference price. This applies to some crudes and natural gas liquids. For natural gas the actual price is used for tax purposes.

     

    Related news

    Latest news

    World's fastest ROV? - Project ROST

    Traditionally, all cleaning has been carried out from a workboat,

    New regional manager takes the helm in key oil and gas markets for DNV GL

    Elaborating on the differences in the energy markets which now lie under his new responsibilities in DNV GL,

    DNV GL launches certification framework and recommended practice for Carbon Capture and Storage (CCS)

    The recommended practice DNVGL-RP-F104 Design and operation of carbon dioxide pipelines, 

    DNV GL launches new JDP to test biodegradable lubricants

    The test programme will investigate such aspects as hydrodynamic oil film formation,

    ROV contracts in Brazil

    The new contracts and contract extensions give 1 630 days of ROV services...

    Steinsvik Secures a Contract for its First Concrete Barge

    Steinsvik’s well-known steel barge design is now complemented by a new and innovative concrete barge design.

    Searching for the best biological solutions

    AKVA group’s biologists play a key role to ensure that the company’s technology not only meets fish welfare requirements, but also provides the best possible conditions for the fish.

    Elisabeth Maråk Støle appointed managing director of Forskningsselskapet SørVest AS

    Elisabeth Maråk Støle will take up her position on 1 April 2018 at the latest.

    TIME SCALE

    We are building chambers for tomatoes to grow in space. The aim is to give food to astronauts going to Mars.